When a business purchases a truck with cash on hand, that transaction is reflected on the:

Select one:

a. Income statement.

b. Balance sheet.

c. Income statement, balance sheet, and cash flow statement.

d. Cash flow statement.

e. Balance sheet and cash flow statement.

he ending balance in retained earnings is shown in the:

Select one:

a. Statement of retained earnings and the balance sheet.

b. Balance sheet.

c. Statement of retained earnings.

d. Income statement.